November 21, 2024
Business

For first time since 2000, bike production in Pakistan declines

LAHORE: Regardless of economic ups and downs, motorcycle production and sales have remained strong, increasing from about 100,000 bikes in 1999-2000 to 2.6 million in 2021-22. However, 2022–2023 may mark the first fiscal year since 2000 when bike production declines significantly. Is the bike drop a sign of Pakistan’s greatest economic downturn? The sharp increase […]

Read More
Business

Dollar-to-rupee exchange rates have fallen for five sessions in a row

KARACHI: For the sixth session in a row, the Pakistani rupee appreciated versus the US dollar on Thursday during intraday day activity in the interbank market. In relation to the dollar, the rupee increased by 5.79 and closed at Rs. 223, down from Rs. 228.80 on Wednesday. The dollar dropped by 9.8 or 4.19 percent […]

Read More
Business

For the fourth day in a row, the dollar is down against the rupee

KARACHI: As Pakistan’s import pressure decreased in July, the US dollar lost ground versus the rupee for the fourth session in a row during intraday activity on the interbank market. The dollar dropped Rs0.38 during Wednesday’s intraday session, trading at Rs238 to the rupee, down from 238.38 at Tuesday’s interbank close. The rupee, one of […]

Read More